Bloomberg ETF analyst Eric Balchunas highlighted Bitcoin's significant outperformance compared to gold and silver since 2022, despite recent market declines. Balchunas noted that Bitcoin has surged 429% since 2022, outpacing gold's 177% increase and silver's 350% rise. He emphasized that even with Bitcoin's recent downturn, its overall performance remains superior to these assets. Balchunas attributed the recent market correction to premature pricing of the "institutional adoption" narrative, suggesting that Bitcoin requires a consolidation phase to align with actual developments. This perspective underscores the cryptocurrency's resilience and long-term potential, despite short-term volatility.